{"id":254542,"date":"2026-09-18T09:08:05","date_gmt":"2026-09-18T03:38:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=254542"},"modified":"2026-09-18T09:08:05","modified_gmt":"2026-09-18T03:38:05","slug":"nifty-23300-23400-zone-enrich-money-key-levels","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-23300-23400-zone-enrich-money-key-levels\/","title":{"rendered":"Nifty Needs to Reclaim the 23,300-23,400 Zone to Turn Bullish, Says Enrich Money"},"content":{"rendered":"

Enrich Money: Nifty showed stabilisation above 23,200. Key resistance 23,300-23,400; break above opens 23,500-23,600. Support 23,100-23,070. Oil near $100\/barrel keeps investors guarded.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Nifty needs to reclaim the 23,300-23,400 zone to meaningfully improve its near-term structure, according to Ponmudi, in a note carried by Moneycontrol. He said the index showed signs of stabilisation after holding above 23,200 in the previous session, though the broader near-term structure remains weak. A sustained move above 23,400 could open the way toward 23,500-23,600, while 23,100-23,070 stands as the crucial support zone on the downside. Separately, Ponmudi R, CEO of Enrich Money, flagged that while WTI crude’s pullback from its recent peak offers some macro relief, oil hovering near 100 dollars a barrel remains high enough to keep investors cautious given its potential impact on India’s import bill, inflation outlook and corporate margins, with continuing geopolitical uncertainty adding to the overhang.<\/p>\n<\/p><\/div>\n

Nifty needs to reclaim the 23,300-23,400 zone before its near-term structure can be called genuinely bullish again, according to Ponmudi at Enrich Money, even as the index showed early signs of stabilisation after holding above the 23,200 mark in the previous session.<\/p>\n

Separately, in comments on the broader macro backdrop, Ponmudi R, CEO of Enrich Money, said that while the recent pullback in WTI crude from its highs has offered some relief, oil prices near 100 dollars a barrel remain elevated enough to keep investors cautious, given the knock-on effects on India’s import bill, inflation trajectory and corporate profit margins.<\/p>\n

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